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Public subscription of shares include :
To Issue Prospectus
To Receive Applications
To Make Allotment
All of the Above
In a public issue, the shares are offered for sale in order to raise capital from the general public, for which the company issues a prospectus. The investors who want to subscribe for the shares make an application to the company, which then allots shares to them. The entity which makes an issue is called an Issuer.
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